Smart Mobility articles

"Amazon’s launch may discourage smaller-scale startups from entering the digital freight brokerage space, but the larger new entrants, those that have raised $50 million or more, will continue to thrive and attract capital. The industry needs to be streamlined. Now it’s going to happen in accelerated fashion.”

Shadowfax, India’s market leader in the Online-2-Offline (O2O) logistics segment, announced today that it has closed $ 22 million in Series C funding led by NGP Capital. Qualcomm Ventures (the investment arm of Qualcomm Incorporated), Mirae Asset and existing investor, Eight Roads Ventures, also joined the oversubscribed equity round.

Caroobi received 20M USD in Series B financing. As the first digital car repair shop, the company brought the automotive aftersales market online by offering remote diagnosis and fixed prices. With the new investment, Caroobi will further expand its recently launched marketplace for replacement car parts and kick off its international rollout.